Mercer Global Advisors Inc., a registered investment advisor backed by Genstar Capital, has purchased Jackson Financial Management Inc., a large wealth management firm located in Costa Mesa, California that serves high net worth households throughout the United States with assets under management of approximately $510 million.
Mercer has multiple offices in Southern California, including Santa Barbara, San Diego, Los Angeles, and Newport Beach, with a combined AUM of nearly $4 billion. The latest acquisition brings its total offices to 41 and increases AUM to more than $16 billion.
Jackson Financial Management was founded in 1995 by president and principal Tracy Jackson and focuses on delivering comprehensive wealth management services to their clientele which include corporate executives, medical professionals, and affluent families. Tracy and his 13 team members will be joining Mercer Advisors.
“I have known Tracy for many years and have tremendous respect for what he and his team have accomplished,” said Dave Welling, CEO of Mercer Advisors. “They have built an incredibly successful business that puts the client first.
Established in 1985, Mercer Global Advisors Inc. is a wealth management firm that provides comprehensive, fee-only investment management, financial planning, family office services, retirement benefits and distribution planning, estate and tax planning, asset protection expertise, and corporate trustee and trust administration services.